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Microcap & Penny Stocks : IDCN - gold, garnet, etc. -- Ignore unavailable to you. Want to Upgrade?


To: Gordon Gekko who wrote (2772)9/17/1998 2:49:00 PM
From: sandbag  Respond to of 5908
 
"Can you explain how you arrived at that number?"

Sure, but I should have said book value price/share.

I just based 11.5 book value/share for 1 million ounces = 11.5/1,000,000 = .0000115

.0000115 * 250,000 ounces (IDCN low estimate) = 2.875 book value/share

This is based on the assumptions in the original post quoting Jeffrey's e-mail.

Sandbag

[EDIT} "Our book value from any gold would be about $11.50 per share per million ounces of gold." From original post.